ENCAVIS AG

Earnings Release • Feb 9, 2016

News Details

Corporate | 9 February 2016 08:55

Capital Stage AG: Electricity generation from renewables exceeds expectations in 2015

DGAP-News: Capital Stage AG / Key word(s): Miscellaneous/Miscellaneous

2016-02-09 / 08:55
The issuer is solely responsible for the content of this announcement.

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Hamburg, February 9, 2016 - In 2015 the Hamburg-based solar park and wind
farm operator Capital Stage, which is listed on the SDAX, again
significantly increased the amount of electricity generated. Last year, the
company generated a total of almost 600,000,000 kWh of electricity from
renewables, compared to around 320,000,000 kWh in 2014 (an increase of
87.5%). Besides the ongoing expansion of its portfolio of solar parks and
wind farms, the company's good results were furthermore influenced by the
large number of sunny days in 2015. Including its new acquisitions, the
company also exceeded its own expectations in terms of electricity
generation in 2015 by more than two per cent (2015 forecast: 586,000,000
kWh). In this regard, the performance of its German solar park portfolio
was particularly good as it exceeded its own forecasts by approximately
nine per cent, benefiting from the increased number of sunny days in
Germany last year.

By generating electricity from renewables, Capital Stage is making a
significant contribution to a sustainable supply of clean energy in its
core markets Germany, France, the UK and Italy. The electricity generated
from solar and wind energy by Capital Stage in 2015 is enough to meet the
annual needs of almost 240,000 households whilst saving more than 400,000
tonnes of CO2.

"We are proud to have exceeded our own expectations on the amount of
electricity generated by our solar parks and wind farms in 2015", commented
Dr Maubach, CEO of Capital Stage AG. "The good results encourage us to
continue pursuing our conservative investment and valuation strategy.
Simultaneously, they reflect the high quality of our solar parks and wind
farms as well as their excellent technical maintenance by our team",
continues Maubach.

In November 2015 Capital Stage revised and once again increased the
forecast for its financial results for the full FY2015. The company now
continues to expect its turnover to increase from EUR 77.8 million in 2014
to more than EUR 110 million in 2015. The company expects its earnings
before interest, taxes, depreciation and amortisation (EBITDA) to increase
to more than EUR 86 million (2014: EUR 54.5 million). It expects its
earnings before interest and taxes (EBIT) to increase to more than EUR 52
million (2014: EUR 33.7 million) and it expects its operating cash flow to
surpass EUR 81 million (2014: EUR 55.9 million).

Capital Stage will officially publish its financial results for the full
FY2015 on March 31, 2016.

About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany, France, Italy and the UK with a total generation capacity of more
than 550 MW. As such, Capital Stage today is Germany's largest independent
operator of solar parks and already has a generating capacity that is
equivalent to more than half the output of a nuclear power plant. Capital
Stage today also is Germany's largest independent operator of solar parks.
The high quality of the existing portfolio in combination with an excellent
O&M management generate attractive returns and stable revenues for Capital
Stage, while offering only a moderate level of investment risk.

Capital Stage AG is listed in the regulated market (Prime Standard) of the
Frankfurt Stock Exchange and in the regulated market of the Hanseatic Stock
Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500). The shares of Capital
Stage AG have been listed in the Deutsche Börse Frankfurt a. M. selective
index SDAX since March 2014.

For more information, visit www.capitalstage.com

Contact:
Capital Stage AG
Till Gießmann
Head of Investor & Public Relations
Fon.: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
e-mail: till.giessmann@capitalstage.com

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2016-02-09 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Capital Stage AG
Große Elbstraße 59
22767 Hamburg
Germany
Phone: +49 4037 85 62 -0
Fax: +49 4037 85 62 -129
E-mail: info@capitalstage.com
Internet: www.capitalstage.com
ISIN: DE0006095003
WKN: 609500
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart

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